Global NY Fund Grant Program

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Objective

Objective

The $35 million Global NY Fund provides grants and loans to help New York State’s small and medium-sized businesses go global and create new jobs. The Global NY Fund Grant Program is open to New York State companies and non-profit organizations seeking to create or expand direct exports. All export grants are awarded on a reimbursable basis. 

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Overview

Overview

ESD is providing grants of up to $25,000 to help companies start exporting or increase their global exports. Grants may be used for market customization, participation in trade shows/missions, export workshops and for product adaptations to meet foreign regulatory requirements. Grants of up to $50,000 are available to not-for-profit organizations that provide export assistance and trade education to New York State companies.  To read the grant guidelines, click here.

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Eligibility

Eligibility

For-profit small and medium-sized businesses must be located in New York State and:

  • Have 500 or fewer employees in New York State
  • Intend to begin exporting or expand export sales in foreign markets
  • At least one of the following:
    1) 51% of the value of finished product or service originates in New York, the calculation of which includes the value of the raw materials and component parts, manufacturing process, advertising and promotion, distribution, warehousing, and designs and other intellectual property
    OR
    2) A business that is certified as a local producer through a regional chamber of commerce or economic development agency (e.g., Made in NY; Made in Brooklyn)
  • ​Business is viable and in existence for at least one year by the date of application for the Global NY Fund Grant
  • Demonstrated need for grant assistance
  • Applicant has demonstrated understanding of costs associated with exporting and doing business with foreign buyers, including costs of freight forwarding, customs brokers, packing, shipping, marketing, etc. Applicant will be asked to provide an “Export Readiness Score” by completing the U.S. Department of Commerce’s Export Assessment.

 

Not-for-profit organizations including, but not limited to, economic development corporations, trade or industry associations, chambers and other non-profit organizations that promote economic development or international trade:

  • Must be located in New York State
  • Have a demonstrated history of helping New York State businesses export and/or contribute to state or regional economic development through the promotion of international trade
  • A not-for-profit organization receiving a grant from ESD must be or become registered and up-to-date with its filing with the Office of Attorney General’s Charities Bureau, certified in the Office of the State Comptrollers’ VendRep System, prequalified with New York State Grants Gateway, and in compliance with all other relevant statutory requirements
  • An unincorporated trade association may be a co-applicant with a NYS not-for-profit organization, IDA or LDC, but the latter entity must be the contractual party if a grant is awarded

How to Apply

For-Profit Business
•    Pre-Qualification Checklist can be found here
•    Global NY Grant Fund Application Form can be found here
•    Line item budget spreadsheet can be found here.

Not-for-Profit Organization
•    Pre-Qualification Checklist can be found here.  
•    Global NY Grant Fund Application Form can be found here
•    Line item budget spreadsheet can be found here

Grant applicants should speak with an ESD Global NY Representative for guidance; failure to do so could significantly delay application review and approval.  A directory of ESD Global NY representatives by region is included in the pre-qualification checklist and grant application form.

Please Note:  Global NY Grant Fund applications are accepted on a continuous basis. However, please allow sufficient time for review and approval between the submission date  and the date of the first activity for which you seek funding (processing time averages 45-60 days). To be considered for reimbursement, no costs may be incurred prior to grant award notification (with the exception of trade show booth deposits).